Friday 23 February 2018

I won't slip on any banana skins with Fyffes

Frankie Sheahan Former Munster hooker, now MD of Front Row

Like Samantha, former Ireland and Munster hooker Frankie Sheahan has gone for Brian O Cathain's gas exploration firm Petroceltic.

"They seem to have a good management team and they look to have an exciting pipeline of projects," according to Sheahan. "At these kind of prices, it looks like good value."

Fruit distributor and importer Fyffes is another that caught Sheahan's eye. "Everyone eats bananas," he said "And if the dollar weakens it could be good."

Paddy Power is another share in Frankie's charity portfolio. "It's a very progressive company and is really well run. They always seem to be looking at innovative things and how to improve," he suggests.

He's not wrong, as Paddy Power is one of the few shares listed on the Irish market that has actually returned to pre-recession peaks.

Insurance company FBD is also on the former hooker's list. "They have no overseas exposure and they are the only listed financial institution not to get state support," says Frankie. "With the recession there are less people driving and that means less accidents which could be good for them," he adds.

Stan McCarthy's vast Kerry group is another tip. "It's very progressive and has diversified into different sectors and geographies. It's always a safe bet," he adds.

The final part of his portfolio is Glanbia. The Kilkenny headquartered cheese-to- nutrition firm has been flying of late. "I know some of the management there and Irish food companies are well respected worldwide. They've moved into the sport nutrition sector which is growing a lot," he adds. Frankie Sheahan's chosen charity is the Cork Simon Community.

Sunday Independent

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